Escalators and Moving Walkways Industry Report 2026-2035: A $25.5+ Billion Market by 2030 with KONE, Otis, Schindler, Fujitec, ThyssenKrupp, Hyundai and Mitsubishi Electric
Dublin, March 02, 2026 (GLOBE NEWSWIRE) -- The "Escalators and Moving Walkways Market Report 2026" has been added to ResearchAndMarkets.com's offering.
The global escalators and moving walkways market has experienced robust growth and is poised for further expansion. Initial figures indicate that the market will increase from $19.13 billion in 2025 to $20.25 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 5.9%. This upward trajectory is largely fueled by the expansion of urban infrastructure projects and the development of airport and metro networks, alongside a surge in installations in shopping malls and a greater emphasis on public safety standards. Furthermore, the availability of durable mechanical systems has significantly contributed to market growth.
Looking ahead, the escalators and moving walkways sector is expected to sustain its momentum, projected to reach $25.52 billion by 2030, achieving a CAGR of 6%. This growth is anticipated to be driven by increased investments in smart transportation hubs, a rising demand for low-energy vertical mobility solutions, and the modernization of airport terminals. Adoption of predictive maintenance technologies and increased urban population density also play crucial roles. Industry trends include the installation of energy-efficient escalators, smart monitoring solutions, and a heightened demand for heavy-duty walkways in airports, indicative of a shift towards retrofit and modernization projects with a focus on passenger safety.
Government funding for infrastructure development is a vital factor driving the market forward. Such projects enhance the demand for transportation hubs, modern public spaces, and urban mobility solutions. Regulatory support, economic growth, and sustainability initiatives further bolster this expansion, cementing the role of escalators and moving walkways as crucial components of modern urban environments. Notable instances include the UK government's plan to invest £164 billion ($214.18 billion) in infrastructure for 2024/25, demonstrating an upward trajectory in funding that is expected to propel the market.
Key market players are leveraging technological advancements to optimize ride experience, operational efficiency, and predictive maintenance. Otis Elevator Sdn Bhd, for instance, launched the Gen3T digitally-connected elevator, enhancing user experience with advanced connectivity. The Gen3 is integrated with the Otis ONE IoT platform for real-time equipment monitoring. Features such as the Otis eView infotainment display and Compass 360 travel optimization underline innovations aimed at improving efficiency and sustainability.
Additionally, strategic partnerships are fostering growth in the sector, as evidenced by TK Elevator's joint venture with Alat in Saudi Arabia. This alliance aims to boost local production and market presence, with a focus on sustainable growth and innovation in vertical transportation.
Major industry players include KONE Oyj, Otis Elevator Company, Schindler Group, and Mitsubishi Electric Corporation, among others. North America emerged as the largest regional market in 2025, with coverage extending to Asia-Pacific, South East Asia, Western and Eastern Europe, North and South America, the Middle East, and Africa. The report also highlights key countries such as Australia, Brazil, China, France, Germany, Japan, the UK, and the USA, among others.
The escalators and moving walkways market encompasses sales of various components like walkway systems, motors, and controls, evaluated at 'factory gate' values, representing the proceeds of goods sold by manufacturers. This market valuation includes related services provided by the creators of these products.
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